China Investment Corp is starting a new round of global recruitment to support its expansion.

"We seek highly qualified professionals worldwide. Job opportunities are offered in over 33 categories by 13 departments," the country's US$200-billion sovereign wealth fund said on its Website on Tuesday.

The categories include risk management, private equity, real estate, infrastructure, commodities and hedge fund investment, the company said, without saying how many positions are available.

CIC, which has about 200 employees currently, is interested in overseas investments as the financial crisis eases.

It agreed to spend US$1.2 billion buying common shares in Morgan Stanley because it is optimistic about the company's future growth. It is buying 44.7 million shares to raise its stake in the United States bank to 9.86 percent, the size of the original stake it held in 2007.

Goodman Group, Australia's largest industrial property trust, announced on Tuesday that CIC would invest A$200 million (US$159 million) in the group. CIC also said on its Website that it had taken over the supervision of China Reinsurance (Group) Corp.

China Reinsurance is the only reinsurance company in China and it converted to a shareholding company after US$4 billion in funding in 2007 from CIC unit Central Huijin Investment Co.

(Shanghai Daily June 18, 2009)